SPORTS ECONOMICS: THE IMPACT OF FOOTBALL RUNNING COST  ON AN ECONOMY.

The game of football and other major sports are of considerable economic, social and cultural significance. The primary role of any  Football/Soccer League is to organise the football competition between the Clubs that make up the league. Each League match is watched by millions of fans and supporters all over the world. They travel round the country to follow their team, and millions miles away hook up through media and the internet. This interest helps to generate a wide range of revenues; through ticketing, merchandise, souvenirs, and sales of broadcasting rights. In particular, the sales of broadcasting rights have been one of the most significant revenue streams for the football association and clubs. The huge advert deals from top corporate firms with clubs, and broadcast organisations all add up to the local economy thereby directly or indirectly impacting on the Gross Domestic Product. These firms also go as far as negotiating with notable players to endorse and promote their brands; all equally add up to GDP and GNP (Gross National Product) making the economy vibrant. When the economy is vibrant, the vicious cycle of poverty is broken and  standard of living increases. 

The growing interest in football/soccer from within and outside, reflects continuous investment in the clubs, stadiums, infrastructures, players, training facilities, and across media outlets. These, in turn, generates significant economic activity, supporting jobs across a wide range of sectors and generating tax revenues to the government. There are also other economies that emerge or spring up as a result of a particular game at hand; customize souvenirs  and temporary structures to accommodate eateries offering takeaways. These also include hospitality and drinks. These are just the major economic activities that spring up on match days. There are other minor miscellaneous economic activities too including the unseen ones both within and around the stadium; also via the internet.

The football league and clubs have been able to contribute to reduction in unemployment by providing jobs, and creating new ones either directly or indirectly. Additional economic transactions emanate from employee spending in diverse areas including for personal use and extended family needs. These shows the significance of football/soccer leagues and its Clubs’ contributions in supporting a large number of its own creations. The volume of transaction adds up. The expansion of the league and emergence of new clubs; increases volume of running cost, contracts, deals and jobs that eventually add up to the overall economic activities.

The overall huge impact of these mega deals and volumes of transactions has led to the growth of interest in areas like Sports Medicine, Football agents and divergence of some professions. For example, in law firms, you find some lawyers concentrating on sports law. The coaching aspect has not been left out in the need for specialties. Every department of the game is no longer handled by one man; now there is the goalkeeper trainer, physical trainer, technical adviser, chief coach and team manager. All these is to ensure that every opportunity is maximised for the growth of the game and more earnings from mega deals. 

One major fact currently, is that, the lacklustre attitude towards football/soccer and other sports as a profession in general is virtually none existence anymore. Before now, sports was seen as a mere recreational activity and exercise. In those days, for example, you will be too scared to approach your parents with your intention of becoming a footballer or sports personality. The reverse is the case today. Now parents practically berate their children for not engaging in one form of sports or the other. They encourage and preach it loud and clear. Mostly fathers buy club jerseys for their sons, just to influence  them early enough towards that line.  The girls are not left out, with the recent growth of female football.

The financial impact on leagues and its exigencies activates series of investment portfolios from stakeholders that leads to multipliers effect on other sectors of the economy.  

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emy1010.

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. PLENTY NONSENSE: Volume 2

Plenty nonsense; can someone please explain to me, yes! To me, I don’t know about you, what is going on at the seat of power. It is quite disgusting, outright shameful, and doesn’t portray a good image for the country as a whole. What goes on there, are things that cannot happen in the most remote community/nation. There is no perfect marriage, but it does not mean we should go dancing naked in public. Our parents in those days, go behind closed doors to settle their differences without the children or neighbours having a glimpse of what is happening or happened. We used to look up to them as our role model, but now the reverse is the case. It becomes worse when the couple involved are tagged “first” in the community. Being tagged “first” should have made them exceptional but rather they throw shame and courtesy to the wind leaving it bear for all to see and gossip about. Well since no one has deem it fit to caution them; I am saying, enough is enough. We are tired of the show of shame and he should focus on good governance while she concentrates on her NGO. If I may go local for emphasis “e don do, shue!” or do we need to set up a “committee” of elders to intervene as usual, creating more avenues for more “chopping”. 

Plenty nonsense; whenever I see him, hear his name or hear about what he did, I tend to wonder how we were all deceived or fooled by our then assumed leader or voice of the mases. He fooled us all to believe he was fighting for our course. He spoke so eloquently that we got so carried away without reading in between the lines. We marched through the streets behind him, our then assumed leader, defying the military junta.  We were busy dancing to the drum of war and the beautiful rhythm from his shekere, but in real sense we were fanning his political ambition. In our foolishness we voted for him massively into power; thinking that we have created an opportunity for him to practise what he preached. Efian! Another big error on our part. The “Edo king maker” is at it again, trying to dethrone what he initially enthroned. The young man’s undoing was because he focused on good governance and he out rightly refused to pay homage to the powers that be. I watched some of his past videos and current ones where he spoke on public issues. I was dazed at the huge contrast; two different personality and with so much arrogance now without a blink of an  eye. He verbally attacks the people now, with no remorse; on one occasion he publicly told a widow “to go and die!” I can’t help but wonder; the beast we all groomed.

Plenty nonsense; why rape? Why on earth should a man rape a woman? The most disheartening of it all is that, there is no age limit as a rape victim. The crave to rape now is so high as if there is a competition out there to beat a record set by who knows, who?. . The society, friends and relatives, are not helping matters either. The society tend to berate rape victims more than the rapist, the criminal!. With their new tactics, it seems as if nowhere is safe anymore. Is it not shocking that rape could occur in places of religious worship? This is daring! I strongly believe, those involved just nailed their own casket. At this point we may ask, are there laws against rape in Nigeria? If any, why are they not being applied appropriately? Why are rapist walking freely on our streets? These questions are necessary because of the manner with which the Nigerian Police is hurdling rape cases with kids gloves. If there are no laws to prosecute rapists in Nigeria, the time is now, to pass stern bills against rape into law. This is necessary to check mate the rate at which victims are on the rise. 

Abeg! plenty nonsense must stop.

emy1010